Global consumer confidence returning, says survey

HONG KONG: Global consumer confidence is rebounding, and in the United States has risen for the first time since 2007, amid signs the world economy is picking up although spending is still restrained, a survey showed yesterday.

Confidence was highest in India, followed by Indonesia and Norway, and was weakest in Japan, Latvia, Portugal and South Korea, although in South Korea it had improved markedly, according to a quarterly survey by The Nielsen Company, conducted between Sept 28 and Oct 16.

"Consumer confidence is rising faster in BRIC countries than other markets, driven by increasing job prospects," Oliver Rust, managing director of Nielsen Hong Kong, told Reuters.